April 4, 2025
Something massive is about to shift in the American automotive marketplace. Starting next Wednesday, 25% tariffs will hit vehicles and parts imported from Canada, Mexico, Europe, Japan, and essentially any foreign country—and these will stack on top of existing tariffs. Our conversation with Aiden Bergsman from the Anderson Economic Group reveals just how complex this situation is becoming. Modern vehicles aren't simply built in one country—components cross borders repeatedly during manufacturing. That engine in your Chevy might have started in Canada, crossed to Detroit, had Mexican parts added, then crossed back to Canada before returning as a finished vehicle. Each crossing potentially triggers tariffs, and Bergsman's analysis suggests these could raise vehicle prices by $3,000-$10,000, with EVs potentially seeing even steeper increases. Manufacturers face impossible choices: absorb unsustainable costs, pass them to already-stretched consumers, frantically relocate production to …
